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The zero-coupon bonds of Cold Pak Transport have a market price of $460.23, a face value of $1,000, and a yield to maturity of
The zero-coupon bonds of Cold Pak Transport have a market price of $460.23, a face value of $1,000, and a yield to maturity of 8.42%. How many years is it until these bonds mature? Select one: O a. 9.41 years O b. 9.60 years O c. 9.97 years O d. 19.20 years O e. 18.82 years
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
13th edition
1285198840, 978-1285198842
